Signify Balance Sheet Health
Financial Health criteria checks 5/6
Signify has a total shareholder equity of €2.9B and total debt of €2.0B, which brings its debt-to-equity ratio to 67.7%. Its total assets and total liabilities are €8.0B and €5.1B respectively. Signify's EBIT is €595.0M making its interest coverage ratio 11.2. It has cash and short-term investments of €1.2B.
Key information
67.7%
Debt to equity ratio
€1.99b
Debt
Interest coverage ratio | 11.2x |
Cash | €1.16b |
Equity | €2.95b |
Total liabilities | €5.06b |
Total assets | €8.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LIGHT N's short term assets (€3.4B) exceed its short term liabilities (€3.0B).
Long Term Liabilities: LIGHT N's short term assets (€3.4B) exceed its long term liabilities (€2.0B).
Debt to Equity History and Analysis
Debt Level: LIGHT N's net debt to equity ratio (28.3%) is considered satisfactory.
Reducing Debt: LIGHT N's debt to equity ratio has increased from 58.8% to 67.7% over the past 5 years.
Debt Coverage: LIGHT N's debt is well covered by operating cash flow (34.9%).
Interest Coverage: LIGHT N's interest payments on its debt are well covered by EBIT (11.2x coverage).